Mirae Asset Venture Investments India (MAVI India), the venture capital arm of Mirae Asset Financial Group, has announced the first close of its second Mirae Asset Venture Opportunity Fund (MAVOF II) at Rs 1,125 crore. The fund has a target corpus of Rs 1,800 crore and will back Indian startups across technology platforms, AI and software, deeptech, advanced manufacturing and consumer discretionary. MAVOF II is backed by the Rs 6,000 crore India focused Unicorn Growth Fund l aunched by MAVI India in April 2026 in partnership with South Korean technology companies KRAFTON and Naver. The fund is among the largest capital pools raised from Asia for Indian startups. The Unicorn Growth Fund primarily targets growth stage startups and focuses on technology platforms, consumer discretionary, AI and software, and deeptech. Its investment themes include consumer internet, digital marketplaces, generative and applied AI, enterprise SaaS, semiconductors, spacetech, robotics and advanced materials. MAVOF II is MAVI India's third dedicated India focused private fund. It will primarily invest in early growth companies that have achieved product market fit and are entering their next phase of scale. MAVI India said the fund will focus on companies with the potential to become category leaders in India and global markets. The firm will also support founders through strategic partnerships, cross border market access and institutional backing. MAVI India has been active in India's startup eco…

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